About Circle Lending
Circle Lending is a Financial Services company based in Cambridge (United States) founded in 2000 by Asheesh Advani, and was acquired by Virgin Money in May 2007. Residential mortgage loans are facilitated via family P2P lending platform. Its focus areas include FinTech, Alternative Lending, Online Lenders and Mortgages. Its competitors include Beeline, Crestico and The Hamilton Fund; 1 of its 3 listed competitors has raised funding.
Company details
Circle Lending was founded in 2000 in Cambridge, United States, as a peer-to-peer lending platform focused on residential mortgages. Borrowers and lenders, typically family members, are connected through an online system where applications are submitted, documents are uploaded, and digital signatures are applied. Loan management tools are provided, along with intra-family calculators for determining interest rates and repayment periods. Operations are conducted nationally within the U.S. financial sector.
- Headquarters Cambridge, United States
- Founders Asheesh Advani
- Stage Acquired
- SectorsFinancial Services
- Website circlelending.com
- Acquired by Virgin Money (May 2007)
- Investors
- Acquired byVirgin Money
(May 2007)
Investors in Circle Lending
Circle Lending has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Virgin Money.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Virgin Money is recognized as a provider of banking and financial services in the UK. | 1995 | virginmoney.com | Newcastle Upon Tyne, United Kingdom |
Investor details for Circle Lending
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- Round participation
- Investor portfolios
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People of Circle Lending
1 people are tracked at Circle Lending (1 in leadership).
| Name | Role | Group |
|---|---|---|
Asheesh Advani | Founder | Leadership |
Complete people profiles for Circle Lending
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- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of Circle Lending
2 dated milestones of Circle Lending across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Circle Lending is founded.
- Exit Acquired by Virgin Money.
Competitors of Circle Lending
Circle Lending has 3 listed competitors in our database, 1 of them funded. They include Beeline, Crestico and The Hamilton Fund.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| makeabeeline.com | 2019 | Middletown, United States | $29.2M | Investment property loans are provided by Beeline for investors. | ||
| crestico.com | 2008 | Los Angeles, United States | Buyers and sellers of homes are connected via online marketplace. | |||
| thehamiltonfund.com | 2020 | New York, United States | Operates a digital hub specializing in residential mortgage solutions for users. |
Detailed competitors of Circle Lending
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Circle Lending
Websites that share an audience with Circle Lending (circlelending.com).
Websites whose visitors overlap most with Circle Lending. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| virginmoney.com | 100% | 2.2M | #20,075 | View details | |
| prosper.com | 100% | 1.2M | #30,665 | View details | |
| lendingclub.com | 99% | 2.2M | #20,595 | View details | |
uk.zopa.com | uk.zopa.com | 98% | β |
Top companies in Alternative Lending
3 companies that operate in the same segment as Circle Lending (Alternative Lending) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | 1,487 |
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Frequently Asked Questions about Circle Lending
Circle Lending was founded in 2000.
Circle Lending is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Circle Lending was founded in 2000 in Cambridge, United States, as a peer-to-peer lending platform focused on residential mortgages. Borrowers and lenders, typically family members, are connected through an online system where applications are submitted, documents are uploaded, and digital signatures are applied. Loan management tools are provided, along with intra-family calculators for determining interest rates and repayment periods. Operations are conducted nationally within the U.S. financial sector.
Circle Lending's top competitors include Beeline, Crestico and The Hamilton Fund.
Circle Lending has 1 investor. Key investors include Virgin Money.
Yes. Circle Lending was acquired by Virgin Money in May 2007.
